UPDATE 1-Regulators fine New York’s BGC Partners $25 million for forex options fraud
U.S. and New York regulators on
Wednesday fined two units of BGC Partners Inc $25
million to settle charges their brokers concocted fake trades to
fraudulently induce clients to transact in foreign exchange
options at unfair prices.
Wednesday fined two units of BGC Partners Inc $25
million to settle charges their brokers concocted fake trades to
fraudulently induce clients to transact in foreign exchange
options at unfair prices.
Posted by Reuters
